Eric Holder is finally being investigated for forcing banks to make sure Democrat advocates get paid off.
This article provides further evidence that Progressivism is a parasite–it cannot exist without a healthy, productive host to feed upon. People like Eric Holder make our government nothing more than the biggest example in history of organized crime.
Perhaps you remember the highly-trumpeted $17-billion settlement with Bank of America over trillions of dollars in profit from fraud. We’ll leave aside the fact that such “punishment” is laughable—any criminal would trade a few billions to make trillions—make sure you look deeper.
Even those billions in fines did NOT go to those harmed by BofA’s fraud–they were doled out to a bunch of the Left’s leading leeches and “community organizers”—groups and individuals that could not even feed themselves without shaking down taxpayers.
Extortion: A House committee is looking into why Attorney Gen. Eric Holder cut Democratic activist groups in on billion-dollar settlements with big banks. Better late than never — we wondered the same thing six months ago.
They say that the wheels of justice grind slowly. But considering the size of this Obama administration power abuse, the probe’s delay is disappointing.
In an Aug. 27 editorial, “Holder Cut Left-Wing Groups In On $17 Bil BofA Deal,” we revealed that Holder’s record $17 billion deal to settle alleged mortgage abuse charges against Bank of America included potentially hundreds of millions of dollars in set-asides for “a national network of left-wing community organizers.”
Instead of going to so-called victims of the so-called fraud, Holder steered huge sums to affordable-housing activist groups approved by HUD, which is mired in a separate lobbying corruption scandal […]
In effect, the government is forcing banks to fork over payola to radical nonprofit groups that exist to shake down banks for high-risk urban home loans, the very type of mortgages that defaulted in droves during the housing crisis. The money also restocks their war chest to lobby Congress for expansion of the CRA.
Though our editorial made national headlines, House Republicans did not demand answers from Holder for another three months. Stonewalled, they’re only now holding a public hearing on the scandal.
Big Government is the outworking of an ideology of legalized theft—plain old robbery of the productive, by those who use the power of office to intimidate and plunder.
On Thursday, we’re told, House Judiciary chair Bob Goodlatte will charge that Holder “shortchanged” alleged victims of BofA and Citibank by diverting at least $150 million into a slush fund for Democratic interests in an unconstitutional end-run around Congress.
Until the hearts of our nation are again captured by the One who gave the command, “You shall not steal,” we will descend into further rancor and strife, and ultimately into widespread poverty and want.